The SIU School of Dental Medicine has a list of commonly used lenders for you to consider. These lenders were chosen for their good service to our students and their great repayment benefits. We will, however, process any loan application from any lender the student chooses; students and parents are ALWAYS allowed to choose their own lender.
To apply, please select ONE lender from the list below:
DENTAL ALTERNATIVE LOANS:
| Terms / Condition |
| |||
| Interest Rate: | LIBOR +3.75% up to 11.5% (depending on credit history) | Index 1.5% to 4.0% | LIBOR + 3.00% to +11.25% | LIBOR + 2.50% to +9.875% |
| Annual Max: | Cost of education less aid | Cost of education less aid | Cost of education less aid | Cost of education less aid |
| Aggregate Max: | $275,000 | $250,000 | $120,000 | $78,400 |
| Enrollment: | Full-time, half-time, or less than half-time | Full-time, half-time, or less than half-time | Full-time or half-time | Full-time, half-time or less than half-time |
| Origination Fee: | Zero to 3.5% | Zero | Zero | Zero |
| Repayment Begins: | 9 months after graduation/separation | 6 months after graduation/separation | 6 months after graduation/separation | *Interest only payment during the in school and 6 month separation period |
| Fees at Repayment: | None | None | None | None |
| Repayment Period: | Up to 25 years | 20 years | Up to 15 years | Up to 25 years |
| Interest Capitalization: | At repayment | At repayment | At repayment | N/A |
| Co-signer Required: | Not required in most cases | Most students will require a co-signer | Most students will require a co-signer | Most students will require a co-signer |
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